Checking the trend change after the volatility period
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(BTCUSDT 1D chart)
This volatility period is expected to last from June 21st to 23rd.
Therefore, it is necessary to check the trend formed after the volatility period.
The 99705.62 point is the HA-High indicator point of the 1W chart, so it is important to see if there is support near this point.
If it falls without support, it may fall to around 89294.25.
The 89294.25 point is the HA-Low indicator point of the 1D chart.
Since the M-Signal indicator of the 1W chart is rising to around 99705.62, the area around 99705.62 is likely to play an important role as support and resistance.
Even if it turns upward, it must rise above the HA-High indicator point of 108316.90 of the 1D chart to maintain the price.
If not, it is likely to fall again.
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The fact that the HA-High indicator was created means that it fell from the high point range.
In other words, if it falls below the HA-HIgh indicator point, it is likely to start a downtrend.
However, since the HA-High indicator is an intermediate value, if it is supported near the HA-High indicator, it is possible to show a stepwise upward trend.
The end point of the high point is the DOM (60) indicator.
Therefore, it should be interpreted that it has risen above the high point section only if it rises above the 111696.21 point.
Therefore, depending on how the 108316.90-111696.21 section is broken upward, an upward trend can be predicted.
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There are auxiliary indicators OBV indicators made of Low Line ~ High Line channels and PVT-MACD oscillator indicators.
The OBV indicator made of Low Line ~ High Line channels is an indicator that can see how the channel is structured, and whether OBV falls below the Low Line of the channel or rises above the High Line.
Therefore, you can predict the future trend based on the channel pattern.
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The PVT-MACD oscillator indicator is an indicator created by adding the Close value dash PVT value to the MACD formula.
Therefore, it shows a similar appearance to the MACD oscillator indicator.
The reason for looking at the PVT-MACD oscillator indicator is to find out how the trading volume flows.
There are many trading volume indicators, but I think this PVT-MACD oscillator indicator reflects the trading volume flow well.
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However, you should look at the support and resistance points where the changes in the movement of the PVT-MACD oscillator indicator, the OBV indicator created by the Low Line ~ High Line channel, and the StochRSI indicator occur.
If the changes in these indicators occur near the DOM(-60), HA-Low, HA-High, and DOM(60) indicator points, it can be of great help in creating a trading strategy.
The DOM(-60) indicator indicates the end point of the low point.
That is, falling below the DOM(-60) indicator means that it has entered the low point range, and there is a high possibility that it will show a full-scale downtrend.
The fact that the HA-Low indicator was created means that it has left the low point range.
That is, if it rises above the HA-Low indicator, it means that there is a high possibility that an uptrend will begin.
However, since the HA-Low indicator is an intermediate value, if it encounters resistance and falls, it is possible that it will show a stepwise downtrend.
Therefore, whether there is support in the DOM(-60) ~ HA-Low range is important.
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Currently, the OBV indicator created as the Low Line ~ High Line channel has fallen below the Low Line.
Therefore, we need to look at whether the Low Line ~ High Line channel will change to a downtrend channel in the future.
We need to look at whether an 'M'-shaped pattern indicating a trend change occurs.
Since the PVT-MACD oscillator indicator is still below the 0 point, it can be seen that the selling force is dominant.
However, since the oscillator is maintaining an upward trend, you can see that the overall selling pressure is decreasing.
Even so, since it is located near the HA-High indicator, the resistance in the HA-High ~ DOM(60) section is expected to be considerable.
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Support and resistance points should be drawn on the 1M, 1W, and 1D charts.
This will increase accuracy.
However, since the standard time frame chart for all indicators is a 1D chart, it is most important to check the flow of the 1D chart.
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You may think it is difficult because you have to look at multiple indicators at once.
The most important thing is to look at the movement when approaching the HA-Low or HA-High indicator.
The reason is that the basic trading strategy is to buy near the HA-Low indicator and sell near the HA-High indicator.
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Thank you for reading to the end.
I hope you have a successful transaction.
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- Here is a description of the big picture.
(3-year bull market, 1-year bear market pattern)
I will explain more details when the bear market starts.
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